Latest Threads on News from companies

Drake & Scull International PJSC (DSI) reported a net profit of AED 47 million for 2025, transitioning from restructuring to operational recovery. The company's revenue increased by 116% year-on-year to AED 223.8 million. Total assets decreased by 6% to AED 610.8 million, while total equity rose by 29% to AED 195.4 million. Cash and bank balances stood at AED 235 million, aiding operational flexibility. The revenue growth was driven by project execution in core markets and conversion of the order book into revenue, with significant progress in infrastructure and water projects. The year marked DSI's first full year of normalized profitability post-restructuring, with improved gross profit due to cost management and efficiency gains. Asset optimization and a stronger equity position contributed to financial resilience and sustainable growth.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the postponement of its Board of Directors meeting initially scheduled for tomorrow. The meeting will now take place at 3:00 pm on Tuesday, March 24, 2026, to discuss the same agenda items previously disclosed. This decision was made due to current circumstances, as communicated by Islam Mahrous, the Chief Compliance Officer.

The text is a proxy form allowing a shareholder to appoint someone to represent them and vote on their behalf at an Annual General Assembly meeting scheduled for April 7, 2026. The meeting can be attended remotely via e-voting or in person. The form requires the shareholder's and proxyholder's information, including their names, investor number, and mobile numbers. It must be signed and dated. After completion, the form should be uploaded with supporting documents electronically. The registrar may contact shareholders to verify the information provided.